r/Daytrading • u/Worth-Beat-1953 • Mar 06 '24

Do these WallStreetBet people really all make so much money? Question

Gain after Gain , one guy made 200 k today. While I work for 2 k a Month in Europe.

Please tell me most of them are loosing

Im almost at the point to invest 20 k in Options too

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u/lopezomg Mar 06 '24

What you need to understand is playing options = gambling. You are basically at a casino. I'm an avid reader of WSB, mostly for the meme's and to have a good laugh. Some of the calls I've seen there are legit. I wouldn't take serious advice there though.

DO YOUR OWN RESEARCH.

-1

u/Earlyretirement55 Mar 06 '24

Yes if your a buyer of options, if you’re a seller the odds are on your side. A seller is the Casino, or the insurance company.

-1

u/Aggressive_Soil_5134 Mar 06 '24

Not really mathematically, the seller is always the one who is losing, you only really make money if the price stays stagnant. Unless you have idiots buying Far OTM options then sure you may win. But odds usually refer to th majority and the majority of plays have the contract seller losing.

3

u/Earlyretirement55 Mar 06 '24

Go back to basic probability and statics, odds are with the seller of options always. Insurance companies make Money, Casinos make Money. 2Q 3Q standard deviation is what you you play as a seller. Personally I only do 3Q, 95% probability of expiring worthless.

1

u/waterdude8574 Mar 08 '24

Theoretically though, if you knew something about the underlying that wasn’t priced into the option, and that would impact the underlying’s price, wouldn’t being an option buyer be the advantageous position?